PPP Loan information for Monarch motor inns inc

$114,000

Monarch motor inns inc was initially approved for PPP Loan of amount $118,600, the current approved amount is $114,000. The loan was approved on 01/19/2021 by The First American Bank & Trust Company reported 17 jobs and $114,000 was used to fund payroll.

Monarch motor inns inc is Existing or more than 2 years old

PPP Loan Search / GA / Athens / Monarch motor inns inc

MONARCH MOTOR INNS INC

Date Approved

01/19/2021

SBA Office Code

0405

Processing Method

PPS

Borrower Name

MONARCH MOTOR INNS INC

Borrower Address

170 N Milledge Ave

Borrower City

Athens

Borrower State

GA

Borrower Zip

30601-3802

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

118600.00

Current Approval Amount

114000.00

Undisbursed Amount

0.00

Franchise Name

Best Western - Membership Agreement

Servicing Lender Location Id

17831

Servicing Lender Name

First American Bank & Trust Company

Servicing Lender Address

300 College Ave

Servicing Lender City

ATHENS

Servicing Lender State

GA

Servicing Lender Zip

30601-2716

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Athens

Project County Name

CLARKE

Project State

GA

Project Zip

30601-3802

CD

GA-10

Jobs Reported

17

NAICS Code

721110

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

114000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

17831

Originating Lender

First American Bank & Trust Company

Originating Lender City

ATHENS

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

114646.52

Forgiveness Date

08/18/2021

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